MNO.V

First Assay Results On Cabaçal VMS Copper-Gold Project Return 15.9m @ 4.0% CuEq And 48.6m @ 1.4% CuEq For Meridian Mining

As copper is closing on to all-time highs, trading at US$4.42/lb Cu at the time of writing (peaking in 2011 at US$4.6285/lb Cu), Meridian Mining (TSXV: MNO) came out with their first set of assays from their 100% optioned Cabaçal VMS Copper-Gold Project in Brazil, from their ongoing field program, encompassing 10,000m of diamond drilling. The mix of verification and infill holes, aimed at targets in the Southern- and Eastern Copper Zone (SCZ/ECZ), returned good results, with highlights of 15.9m @ 4.0% CuEq and 48.6m @ 1.4% CuEq for CD-004 and CD-003 respectively. This is the first stage of confirmation of the historical BP Minerals / Rio Tinto drill results.

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Meridian Mining Drills Strong Sulphide Mineralization At Its Cabaçal VMS Copper-Gold Project

The latest Meridian news release shows an impressive hint of the mineralized potential of the Cabaçal VMS Copper-Gold Project in Brazil, at which Meridian Mining (TSXV: MNO) last year signed an option agreement for a 100% ownership.

Meridian announced the roll-out of its field program following the granting of a environmental permit for drilling in March, and mobilized two drill rigs and a geophysical team to commence a 10,000m diamond drilling program. One of the initial focus areas was in the southern sector of the deposit defined as the Southern Copper Zone (SCZ), where historical drilling suggests the presence of high grade NW-SE trending alteration pipe hosting copper-gold-silver mineralization.

Meridian Mining Has Completed Corporate Turnaround, Received Key Permit And Started Drilling At Cabaçal VMS Copper-Gold Project

1. Introduction

It is not often that you see a Partner of a multi-billion-dollar resource fund part ways with his former colleagues and accept the challenge of turning around a headache dossier of that fund by himself. This is exactly what happened to Meridian Mining (TSXV: MNO) where then-Partner Gilbert Clark of Sentient Equity Partners came to the rescue. The result is effectively a brand-new company without debt, cashed up with a roster of new investors, and a “company maker” new asset: the Cabaçal copper-gold project in Brazil, which is an exciting copper-gold VMS belt scale project with huge potential.

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